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Walgreens 634 N Church St 14,550 SF Retail Building Thomaston, GA 30286 $3,987,778 ($274.07/SF) 6.75% Cap Rate
Investment Highlights
- Corporate Guarantee
- Passive Ownership Structure
- Drive-Thru Convenience
- Retail Corridor Positioning
Executive Summary
Surmount is pleased to present the exclusive listing for a Walgreens located at 634 N Church St, Thomaston, GA. The site consists of roughly 14,550 rentable square feet of building space on an estimated 1.29-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $269,175 and has scheduled increases of 5.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
14,550 SF
Building Class
B
Year Built
2007
Price
$3,987,778
Price Per SF
$274.07
Cap Rate
6.75%
NOI
$269,175
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.29 AC
Opportunity Zone
Yes
Zoning
C2
Frontage
175’ on CHURCH ST
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | T20-183 | Improvements Assessment | $439,681 |
| Land Assessment | $123,120 | Total Assessment | $562,801 |
Property Taxes
Parcel Number
T20-183
Land Assessment
$123,120
Improvements Assessment
$439,681
Total Assessment
$562,801
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Walgreens | 634 N Church St
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